Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net income $ 146,617 $ 416,352
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,412 29,314
Asset impairment charges 1,000 358
Non-cash stock-based compensation expense 27,770 23,922
Net (gain) loss on sales of marketable securities and other investments 49 (885)
Changes in assets and liabilities, net of business acquisition:    
Accounts receivable, net (169,498) (62,627)
Inventories (44,434) 14,319
Other assets 82,267 (8,838)
Accounts payable 2,192 10,239
Deferred system profit 67,968 19,391
Other liabilities 357,657 (49,355)
Net cash provided by operating activities 503,000 392,190
Cash flows from investing activities:    
Acquisition of non-marketable securities (3,377) (2,370)
Business acquisition (5,490) 0
Capital expenditures, net (29,125) (18,512)
Proceeds from sale of assets 0 2,582
Purchases of available-for-sale securities (326,012) (830,462)
Proceeds from sale of available-for-sale securities 106,601 189,242
Proceeds from maturity of available-for-sale securities 391,760 356,177
Purchases of trading securities (30,790) (73,278)
Proceeds from sale of trading securities 35,382 68,465
Net cash provided by (used in) investing activities 138,949 (308,156)
Cash flows from financing activities:    
Proceeds from revolving credit facility, net of debt issuance costs 248,693 0
Repayment of debt (696,250) (80,000)
Issuance of common stock 20,579 23,694
Tax withholding payments related to vested and released restricted stock units (26,195) (17,455)
Common stock repurchases (80,354) 0
Payment of dividends to stockholders (192,902) (173,842)
Net cash used in financing activities (726,429) (247,603)
Effect of exchange rate changes on cash and cash equivalents 4,823 (7,886)
Net decrease in cash and cash equivalents (79,657) (171,455)
Cash and cash equivalents at beginning of period 1,153,051 1,108,488
Cash and cash equivalents at end of period 1,073,394 937,033
Supplemental cash flow disclosures:    
Income taxes paid, net 147,483 110,575
Interest paid 58,698 60,016
Non-cash activities:    
Purchase of land, property and equipment, net - investing activities 5,548 1,985
Unsettled common stock repurchase - financing activities 1,289 0
Dividends payable - financing activities $ 7,590 $ 12,763